Title 12 — Banks and BankingRelease 119-73
§4523 Limitation on subsequent employment
Title 12 › Chapter CHAPTER 46— - GOVERNMENT SPONSORED ENTERPRISES › Subchapter SUBCHAPTER I— - SUPERVISION AND REGULATION OF ENTERPRISES › Part Part A— - Financial Safety and Soundness Regulator › § 4523
Summary
The Director and any former officer or employee who, while working at the Agency, was paid more than the lowest pay rate for jobs above GS‑15 on the General Schedule (see section 5107 of title 5) cannot accept pay from an enterprise for two years after they leave the Agency.
Full Legal Text
Title 12, §4523
Banks and Banking — Source: USLM XML via OLRC
Neither the Director nor any former officer or employee of the Agency who, while employed by the Agency, was compensated at a rate in excess of the lowest rate for a position classified higher than GS–15 of the General Schedule under section 5107 of title 5 may accept compensation from an enterprise during the 2-year period beginning on the date of separation from employment by the Agency.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2008—Pub. L. 110–289 substituted “the Agency” for “the Office” wherever appearing.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4523
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73